Pensioner investment

tokai

Early 70s here with £150 k to invest. At my age it would be for income. I have low/ middle risk. Really have no idea other than peer to peer. Any points please?

dunstonh

I have low/ middle risk.

What do you mean by that?   One persons low risk is another persons high risk.   What sort of value would you be prepared to see your £150k go down to before you get cold feet?

Really have no idea other than peer to peer.

Which in a lot of cases is high risk.

tokai

I have been in investments for many years and have seen drops that were scary but had the time to wait until they went up again. Not that case now. I guess if I was getting a fair return maybe 25% drop.

Albermarle

tokai said:

Early 70s here with £150 k to invest. At my age it would be for income. I have low/ middle risk. Really have no idea other than peer to peer. Any points please?

Seems a bit strange that with all the potential homes for your money , you can only think of P2P , which is not that well known by the wider public.
Anyway you need to supply more info to get better answers. Such as
What other savings and  income do you have ( pensions?)?
Do you want to leave any of the £150K to your heirs?
To give some context , where is the £150K now ?

want_to_save

I would not go peer to peer you can go with an investment bond and take 5% tax deferred per annum for 20 years. you could go to a platform maybe like Aviva and get a general investment account draw monies from there

tokai

It will come from a sale of a house. We are debt and mortgage free and as a couple we have adequate pensions. Also a good amount of savings. The main thing is I would like this investment to be something that could be passed on to my spose.

jimjames

tokai said:

It will come from a sale of a house. We are debt and mortgage free and as a couple we have adequate pensions. Also a good amount of savings. The main thing is I would like this investment to be something that could be passed on to my spose.

Investment trust with a good mix of asset classes? Like Personal Assets trust?

tacpot12

I would tend to agree that a portfolio of Investment Trusts would be a good option. I have my retirement savings mainly invested in ITs and a ETFs, and am getting a yield of just over 4% pa. The value of the portfolio dropped about 20% at the start of the pandemic, but the dividends still kept rolling in. I received 3% less dividends in the last 12 months than I did the in the previous 12 months which I thought was pretty good under the circumstances. The portfolio has also increased in value a little.

JohnWinder

I'd say a lot depends on how much you want to take from this money each year. If it were less than 3%, it could be mostly in stocks quite safely.  With the aim of 'passing it to your spouse', nothing much changes if you both have similar life expectancy, and the question becomes 'what after that?'. But if he's 30, and full of life, that's a horse of a different colour.

sevenhills

tokai said:

Early 70s here with £150 k to invest. At my age it would be for income. I have low/ middle risk. Really have no idea other than peer to peer. Any points please?

You can still get pension tax relief up to the age of 75